#BHARTIARTL for longs
Buy CMP 800
Target 841/885/920+
Stop-loss 755
#nifty #banknifty
Note: I'm not a SEBI registered research analyst or not a Financial Advisor, this is for educational purposes only, Before trading please consult your financial adviser.
BHARTIARTL has been in a five month long consolidation zone from March till July. In the end of July series it has given a breakout. One can go long with an immediate target of 572.15 and 593.35 with stop loss placed at 551.45.
P.S. Extra bullishness is because of (i) impending crossover of 25EMA over 50EMA, (ii)the two hooks in the MACD chart.
Bharti Airtel seems to be in a strong bullish trend.
Post 21st December correction, it is taking strong trendline support along with hidden bullish divergences.
Price is making an upper low while RSI is making a lowe low.
Usually, these divergences play with a quick movement.
Current market price 501:
1) Strong support is at 490, if broken, stock can test...
As per the Technical Analysis Chart Pattern, BHARTI AIRTEL Share INTRADAY view.
The potential upside with the break out above 433.50. We can follow the strict Stop Loss of 429. It will only Buy After the breakout of the upper trend line which is acting as a resistance level.
Intraday Target can be taken as 439 as first and 445 as the second.
Traders, If you...
